The US Federal Bureau of Investigation estimates that corporate account takeovers cost US companies as much as $1 billion in 2011 alone. The sheer magnitude of such losses to fraud and money laundering is one clue that financial criminals are growing ever more sophisticated, more organized, and more capable of exploiting vulnerabilities in new electronic channels.
The losses hurt an organization’s reputation and bottom line, but there’s also the issue of social good. How many of the illicit transactions are financing organized crime, drug smuggling, human trafficking, kleptocracy or terrorism?
In this whitepaper from SAS, you will learn how and why institutions and companies are battling new threats by combining fraud and anti-money laundering processes. You’ll also gain insight into the “new wave of cybercrime” and learn the five must-have capabilities for fighting financial crime.
Fill out the form below to download the SAS whitepaper “A United Front: Making the Case for Integrating Fraud and Anti-Money Laundering Processes.”